Amogear Inc.; Order of Suspension of Trading, 8529 [2014-03146]

Download as PDF Federal Register / Vol. 79, No. 29 / Wednesday, February 12, 2014 / Notices mstockstill on DSK4VPTVN1PROD with NOTICES applicable to such organization. Here, the Commission finds that the proposed rule change is consistent with the requirements of the Act, in particular the requirements of Section 17A of the Act,14 and the rules and regulations thereunder applicable to DTC. Specifically, the Commission finds that the proposed rule change is consistent with Section 17A(b)(3)(F) of the Act,15 which requires, among other things, that the rules of a registered clearing agency ‘‘are designed to promote the prompt and accurate clearance and settlement of securities transactions . . ., to assure the safeguarding of securities and funds which are in the custody or control of the clearing agency or for which it is responsible.’’ 16 As described above, DTC intends to no longer account for the $150 million paid by Participants for their Required Preferred Stock Investment as a liquidity resource, but as business capital only. Consequently, DTC is proposing this rule change in order to lower its Net Debit Cap for Aggregate Affiliated Families by the same amount so that the Aggregated Affiliated Family Net Debt Cap, and thus DTC’s liquidity exposure in the event of an Affiliated Family default, does not exceed the actual amount of liquidity resources available to DTC. As such, the Commission finds this proposed rule change consistent with Section 17A(b)(3)(F) of the Act.17 Section 19(b)(2)(C)(iii) of the Act 18 allows the Commission to approve a proposed rule change earlier than 30 days after the date of publication of the notice of the proposed rule change in the Federal Register where the Commission finds good cause for doing so and publishes its reason. Here, as discussed above, DTC has more precisely allocated the $150 million in proceeds from the sale of its preferred stock solely for business capital purposes rather than for both business capital purposes and as a liquidity resource. Given that the financial stability of DTC and the safeguarding of securities in its custody or control or for which it is responsible is in the public interest, the Commission finds good cause for the accelerated approval of this proposed rule change under Section 19(b)(2)(C)(iii) of the Act 19 so that DTC can implement the proposed change to 14 15 U.S.C. 78q–1. In approving this proposed rule change, the Commission has considered the proposed rule’s impact on efficiency, competition, and capital formation. 15 U.S.C. 78c(f). 15 15 U.S.C. 78q–1(b)(3)(F). 16 Id. 17 Id. 18 15 U.S.C. 78s(b)(2)(C)(iii). 19 Id. VerDate Mar<15>2010 17:11 Feb 11, 2014 Jkt 232001 8529 reflect DTC’s reallocation of such proceeds, thus realigning the liquidity exposure presented to DTC by the failure of an Affiliated Family to meet its settlement obligations with the actual amount of liquidity resources available to DTC. If DTC were not able to make this proposed change immediately, the potential exists for DTC’s liquidity exposure to exceed its liquidity resources, which could undermine the stability of DTC and the safety of the securities it maintains. DEPARTMENT OF TRANSPORTATION V. Conclusion It is therefore ordered, pursuant to Section 19(b)(2) of the Act,20 that the proposed rule change (SR–DTC–2014– 01) be, and it hereby is, approved on an accelerated basis. SUMMARY: For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.21 Kevin M. O’Neill, Deputy Secretary. [FR Doc. 2014–03006 Filed 2–11–14; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [File No. 500–1] Amogear Inc.; Order of Suspension of Trading February 10, 2014. It appears to the Securities and Exchange Commission that there is a lack of current and accurate information concerning the securities of Amogear Inc. (‘‘Amogear’’), quoted under the ticker symbol AMOG, because the company has recently been the subject of spam emails touting the company’s shares and because of potentially manipulative conduct in the trading of the company’s shares. The Commission is of the opinion that the public interest and the protection of investors require a suspension of trading in the securities of the above-listed company. Therefore, it is ordered, pursuant to Section 12(k) of the Securities Exchange Act of 1934, that trading in the securities of the above-listed company is suspended for the period from 8:30 a.m. EST on February 10, 2014 through 11:59 p.m. EST on February 24, 2014. By the Commission. Elizabeth M. Murphy, Secretary. [FR Doc. 2014–03146 Filed 2–10–14; 11:15 am] BILLING CODE 8011–01–P 20 15 21 17 PO 00000 U.S.C. 78s(b)(2). CFR 200.30–3(a)(12). Frm 00101 Fmt 4703 Sfmt 4703 Federal Railroad Administration [Docket No. FRA–2014–0011–N–02] Proposed Agency Information Collection Activities; Comment Request Federal Railroad Administration (FRA), Department of Transportation (DOT). ACTION: Notice. AGENCY: The information collection requirements described below will be submitted to the Office of Management and Budget (‘‘OMB’’) for review, as required by the Paperwork Reduction Act (‘‘PRA’’). FRA is seeking public comments on its proposal to renew its PRA clearance to participate in the OMB program ‘‘Generic Clearance for the Collection of Qualitative Feedback on Agency Service Delivery.’’ This program was created to facilitate federal agencies’ efforts to streamline the process to seek public feedback on service delivery. Current FRA clearance under this program expires July 31, 2014. DATES: Comments must be received no later than April 14, 2014. ADDRESSES: Submit written comments on any or all of the following proposed activities by mail to Ms. Kimberly Toone, Office of Information Technology, RAD–20, Federal Railroad Administration, 1200 New Jersey Ave. SE., Mail Stop 35, Washington, DC 20590. Commenters requesting FRA to acknowledge receipt of their respective comments must include a self-addressed stamped postcard stating, ‘‘Comments on OMB control number 2130–0593.’’ Alternatively, comments may be transmitted via facsimile to (202) 493– 6497, or via email to Ms. Toone at Kim.Toone@dot.gov. Please refer to the assigned OMB control number in any correspondence submitted. FRA will summarize comments received in response to this notice in a subsequent notice and include them in its information collection submission to OMB for approval. FOR FURTHER INFORMATION CONTACT: Ms. Kimberly Toone, Office of Information Technology, RAD–20, Federal Railroad Administration, 1200 New Jersey Ave. SE., Mail Stop 35, Washington, DC 20590 (telephone: (202) 493–6132). (These telephone numbers are not tollfree.) SUPPLEMENTARY INFORMATION: Executive Order 12862 (1993) (‘‘Setting Customer Service Standards’’) directed all Federal executive departments and agencies and E:\FR\FM\12FEN1.SGM 12FEN1

Agencies

[Federal Register Volume 79, Number 29 (Wednesday, February 12, 2014)]
[Notices]
[Page 8529]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-03146]


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SECURITIES AND EXCHANGE COMMISSION

[File No. 500-1]


Amogear Inc.; Order of Suspension of Trading

 February 10, 2014.
    It appears to the Securities and Exchange Commission that there is 
a lack of current and accurate information concerning the securities of 
Amogear Inc. (``Amogear''), quoted under the ticker symbol AMOG, 
because the company has recently been the subject of spam emails 
touting the company's shares and because of potentially manipulative 
conduct in the trading of the company's shares.
    The Commission is of the opinion that the public interest and the 
protection of investors require a suspension of trading in the 
securities of the above-listed company.
    Therefore, it is ordered, pursuant to Section 12(k) of the 
Securities Exchange Act of 1934, that trading in the securities of the 
above-listed company is suspended for the period from 8:30 a.m. EST on 
February 10, 2014 through 11:59 p.m. EST on February 24, 2014.

    By the Commission.
Elizabeth M. Murphy,
Secretary.
[FR Doc. 2014-03146 Filed 2-10-14; 11:15 am]
BILLING CODE 8011-01-P
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